President Trump Signs Bill Giving Financial Fraudsters a Get-Out-Of-Jail-Free Card
Washington, D.C. – Today, President Trump signed into law a bill, H.J. Res. 111, that takes away Americans’ right to have their day in court when they are defrauded by banks, credit card companies, payday lenders, student loan servicers, and other financial companies. It does so by rescinding a rule, issued by the independent Consumer Financial Protection Bureau, which would have restored the right of similarly harmed consumers to band together to challenge financial institutions in court. Center for Responsible Lending (CRL) Senior Policy Counsel Melissa Stegman released the following